Dubai has emerged as the best possible country in Middle East to conduct business or invest your money in. It is one of the very few countries in the world where tax free living still exists. The infrastructure for business is pretty good with the modern airport providing great connectivity across countries and continents.
With a high quality lifestyle and high standard of living, the number of skilled professional that are eager to move to the place are high. Getting professionals for your business will be an easy task. The location gives the area extra points when considering a business venture. As the oil resources of the country are depleting, the rulers have realized the importance of business and foreign investment. Special economic zones have been created to facilitate easier business.
A SEZ is an area where companies are given space to conduct their businesses and are taxed very lightly or not at all. This strategy will attract a lot of investors. There are 20 over free zones offered to entrepreneurs in Dubai. A business that is conducted in one of these free zones in Dubai is eligible for tax exemption, 100% ownership and facilities for office and warehouse. Each of these zones conceptualized around a particular industry with licenses given only to businesses under those industries. Tourism is also a growing industry in Dubai which is promoting more business.
While many other countries in the Middle East are still following the traditional practices strictly by not allowing foreign investors, Dubai has gone ahead and has brought together the traditional practices with the modern improvements. What was a little more than a desert village a couple of decades back, has transformed itself into the epicenter of the Middle Eastern economy. It has become a vital business hub by combining the best of east and west.